Tungsten Powder Price Reaches RMB 1600/kg - February 5, 2026

Analysis of Latest Tungsten Market from Chinatungsten Online

The high tungsten price has not yet been significantly impacted by the volatile precious metals market and the approaching Spring Festival holiday. 

On the one hand, supply constraints and optimistic expectations for the strategic metal's value continue to provide a solid foundation for the market. On the other hand, market sentiment is a key factor influencing short-term price fluctuations. Under the current generally cautiously optimistic sentiment, the tungsten raw material market remains tight with high prices, and profit-taking in the tungsten scrap market has been significantly restrained. However, the tungsten market's trading activity is constrained by funding pressures, fear of high prices, and the holiday effect, resulting in insufficient overall activity.

As of press time,

65% wolframite concentrate is priced at RMB 655,000/ton, up 42.4% from the beginning of the year.

65% scheelite concentrate is priced at RMB 654,000/ton, up 42.5% from the beginning of the year.

Ammonium paratungstate (APT) is priced at RMB 970,000/ton, up 44.8% from the beginning of the year.

European APT is priced at USD 1100-1398/mtu (equivalent to RMB 676,000-859,000/ton), up 35.8% from the beginning of the year.

Tungsten powder is priced at RMB 1600/kg, up 48.2% from the beginning of the year.

Tungsten carbide powder is priced at RMB 1550/kg, up 49.4% from the beginning of the year.

Cobalt powder is priced at RMB 580/kg, up 11.5% from the beginning of the year.

70% ferrotungsten is priced at RMB 900,000/ton, up 38.5% from the beginning of the year.

European ferrotungsten is priced at USD 172-185/kg W (equivalent to RMB 836,000-899,000/ton), up 29.8% from the beginning of the year.

Scrap tungsten rods are priced at RMB 860/kg, up 43.3% from the beginning of the year.

Scrap tungsten drill bits are priced at RMB 810/kg, up 39.7% from the beginning of the year.

Prices of Tungsten Products on February 5, 2026

Tungsten Price Trend from January 2025 to February 2026

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